$FOGO HTF Bearish Structure • Short on Pullbacks
$FOGO is trading within a well-defined bearish structure, confirmed by consistent lower highs and lower lows on the higher timeframe. Price remains below key moving averages, and recent downside expansion followed by weak corrective moves suggests continuation risk to the downside.
Entry Zone: 0.0318 – 0.0328
Stop Loss: 0.0345 (structure invalidation)
Targets:
TP1: 0.0290
TP2: 0.0275
TP3: 0.0260
Trade Logic: Favor short positions on pullbacks while price remains below resistance. Long positions are not advised unless a confirmed higher-timeframe breakout occurs.
FOGOUSDT
Διην.
0.02809
-7.26%